Economy - Finance > Trading

Markets fall as year of great expectations begins

1 month ago   |   By Review Journal

The S&P 500 was 2.1% lower in afternoon trading, after earlier flipping from small gains to losses. The Dow Jones Industrial Average also fell from its record set last week and was down 621 points, or 2%, at 29,985. The Nasdaq composite was 2.2% lower, as of 9:27 p.m. Pacific time.
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The S&P 500 could fall 10% on tax-hike fears if Democrats win both Georgia run-off elections, says one chief investment strategist

The S&P 500 could fall 10% on tax-hike fears if Democrats win both Georgia run-off elections, says one chief investment strategist

1 month ago   |   By Business Insider

Summary List Placement
The S&P 500 could fall up to 10% if Democrats flip the Senate on Tuesday, said Oppenheimer's John Stoltzfus.
"Increased uncertainty over taxes and spending could likely weigh on the equity market at least until the intentions of the Biden Administration are given greater definition as to what a new tax regime might look like and how much any expansion of the government and its services would cost," said the chief investment strategist.
Stoltzfus added that it appears to him that the market has priced in a Republican victory in at least one of the two Georgia run-off...
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The S&P 500 could fall 10% on tax-hike fears if Democrats win both Georgia run-off elections, says one chief investment strategist

1 month ago   |   By Business Insider

Spencer Platt/Getty Images
The S&P 500 could fall up to 10% if Democrats flip the Senate on Tuesday, said Oppenheimer's John Stoltzfus. "Increased uncertainty over taxes and spending could likely weigh on the equity market at least until the intentions of the Biden Administration are given greater definition as to what a new tax regime might look like and how much any expansion of the government and its services would cost," said the chief investment strategist. Stoltzfus added that it appears to him that the market has priced in a Republican victory in at least one of the two Georgia...
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